Summary
RETAIL buying group Nisa-Today's has rejected a second takeover attempt by the majority shareholder behind the Costcutter chain.
Bibby Line Group, which owns a 51% stake in Costcutter, offered to acquire the business for pounds 134m but was rejected on value grounds and as the deal would have meant the loss of Nisa's mutual business model.See the full content of this document
Extract
Takeover Bid Rejected Restaurant Group Shares Up 11%
Nisa-Today's acts as a co-operative using the buying power of the group of retail members to negotiate deals with su...
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